Difficult times will result in higher real and personal property taxes for residents who live within the Barren County School District.
Board members voted and approved a motion to increase taxes by 2.1 cents per $100 for assessed value for property, also referred to as Subsection (1), the same option that was approved for the 2008-09 school year, during a public hearing and special-called meeting Monday night at the central office.
The increase brings the rate to 58.9 cents per $100 dollars of assessed property.
The new rate will generate approximately $6.9 million in revenue for real property and $953,430 in personal property.
The owner of a $100,000 home will pay $589 in taxes.
The utility tax rate will remain at 3 percent — the same amount as the 2010 and 2011 school years.
Superintendent Bo Matthews said one item that will remain unchanged is the tax rate on all motor vehicles and watercraft.
For the full story, read the Sept. 19 print or e-Edition of the Glasgow Daily Times.